Stolt-Nielsen will acquire Avenir LNG

Stolt-Nielsen Gas, a subsidiary of Norwegian tanker operator Stolt-Nielsen, will acquire all shares held by Avenir LNG’s major shareholders, Golar LNG and Aequitas.

PHOTO: Avenir LNG's bunker vessel, Avenir Achievement. Avenir LNG

This deal will give Stolt-Nielsen Gas a controlling 94.37% stake in Avenir LNG.

Avenir LNG is a UK-based physical bunker supplier. It currently owns and operates five LNG bunkering vessels, supporting small-scale physical supply and ship-to-ship bunkering operations. The company has also ordered two new LNG bunker vessels.

It delivers LNG and mass-balanced bioLNG to ports in the Baltic and Adriatic Sea regions, including those in Germany, Sweden, Finland, Poland and Italy.

The transaction is expected to be completed in the first quarter of this year, after which Stolt-Nielsen intends to tender for all outstanding shares in Avenir LNG.

“Subject to completion of the transaction, Stolt-Nielsen Gas Ltd. intends to offer to buy the shares of all remaining shareholders in Avenir LNG,” the company said.

By Konica Bhatt

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